A Cabela's store in Buda, TX, must pay back $173,000 in local tax incentives after missing job targets for the third consecutive year, and the outdoors retail chain probably will have to return some money it received from the governor's Texas Enterprise Fund.
The incentive contract between Cabela's and local governments requires the company to maintain the equivalent of 225 full-time positions. In January, company officials told local officials that its sprawling Buda store and museum had 190.4 full-time positions at the end of 2007.
Buda Finance Director Sarah Mangham told the Austin American-Statesman that Cabela's will pay $5,000 per full-time position below the target.
